Archive for April 30th, 2012

April 30, 2012

Financial Literacy Should Start With Palau’s Youth

By Jackson Henry —-

In ancientPalau, folks skilled in building canoes or fishing were highly revered and admired in the villages. Their skills secured their future. That is understood since the ancient Palauan economy revolved around self subsistence and survival did not depend on cash. In this modern world, cash management for this generation of Palauans has become a crucial tool for survival and self advancement. Thus, financial literacy can no longer be considered a folly but a skill required to navigate our way in this “jungle” of money and finance. Hence, we need to teach basic finance to our youth today so they do not squander their future.

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